Canadian Solar Inc., one of the world's largest solar companies, updated its guidance for the fourth quarter ended December 31, 2011. The updated guidance is based on Canadian Solar's current views with respect to operating and market conditions, its current order book and customers' forecasts, all of which are subject to change. The updated guidance may also become subject to adjustment based upon completion of the full-year reporting process, and audited results could differ materially from the estimates provided below.
Highway, light rail and airport facilities offset energy use with SolarWorld solar panels
Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it is scheduled to present at Jefferies 2012 Global Clean Technology Conference taking place February 22-23 at the Westin in New York City. A group presentation is scheduled for 1:30 p.m.
The Santa Clara Valley Transportation Authority (VTA), in partnership with SunPower Corp. (NASDAQ: SPWR), Joint Venture Silicon Valley, and Wells Fargo, installed solar parking canopy systems, totaling 2.1 megawatts (MW), at its three bus maintenance divisions.Using a Power Purchase Agreement to finance the systems, it is anticipated that VTA will save $2.7 million in electricity costs over the next 20 years.
Finavera Wind Energy Inc. (“Finavera” or the “Company”) (TSX-V: FVR) is pleased to provide the following corporate and project update. Finavera is developing the 47 megawatt (“MW”) Tumbler Ridge, 77 MW Wildmare, 117 MW Meikle, and 60 MW Bullmoose wind energy projects in North Eastern British Columbia, Canada and the 105 MW Cloosh Valley wind project in Ireland.
Juhl Wind Inc. (OTCBB: JUHL), the Leader in Community Wind Power, announced the official commercial start-up and operation of the two turbine project for Gundersen Health System in Winona County, MN.
The 4.95 megawatt project (the "GL Wind project") is the first-of-its-kind in North America to be constructed specifically to address the energy concerns of a large regional health organization, in this case, Gundersen Health System.
Canadian Solar Inc. (the "Company", "we" or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar companies, announced that its solar modules passed the most stringent salt spray corrosion test — IEC61701 Ed2 (salt mist corrosion testing) and IEC60068-2-52 Ed.2 (Severity 1, Environmental testing) standards adopted in 2011. Canadian Solar was granted certification by TUV NORD CERT GmbH, based in Germany.
Solar energy “grid parity” is considered achieved when the Levelized Cost of Energy (LCOE) to generate 1 kilowatt-hour (kWh) becomes equal to what it costs to generate 1kWh of the current cheapest form of electricity: Coal-fired power plants. That means until the cost of PV technology reaches coal’s 6 cents per kWh, grid parity will not be reached.
Salt River Project (SRP), Arizona State University (ASU) and SunPower Corp. (NASDAQ: SPWR) announced an agreement to build a 1-megawatt solar photovoltaic power plant at ASU's Polytechnic campus in Mesa, Ariz. The 1-megawatt facility will be the first commercial deployment of SunPower® C7 Tracker technology, a solar photovoltaic tracking system that concentrates the sun's power seven times designed to achieve the lowest levelized cost of electricity (LCOE) for solar power plants available today.
Vestas completed 2011 with a second consecutive strong year for wind-turbine sales in the United States and Canada, announcing 1,617 megawatts and 812 wind turbines worth of orders. Vestas also achieved a record year for installations with 30 new wind power plants coming online in 2011.